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RE: Self-voters can achieve an interest of 248% APR!!
Excellent work!
The self-upvoting of brainless content is one thing, and that is bad enough. When several people like that ban together with hugely large amounts of leased steem power however... the problem compounds.
What do you think should be done about people coming in purposefully to upvote the lowest quality content just to game the system?
Should it be restricted by the community, or through suggested updates for a new hardfork?
It's one thing to be a newbie and not understand the upvoting mechanisms. It's however outright hostile if insta-whales make it their public mission on steemit to plunder the rewards and hype bad content just because they can. And everybody's hands are tied.
I followed, great article, thanks again.
Thanks for your comment. It is difficult to give a concrete solution to the problem. At this moment I am studying the rewards model prior to HF19, since several people mention that there it was more difficult to beat the system with the self-vote.
At this time there are some community actions to reduce these abuses. More and more flags are felt, and of great weight.
I feel so much less competent with the technicalities so I am thrilled to have you in my follow list. But you are right, maybe I should really read that whitepaper patiently for myself, most steemians may benefit from doing so. It's not like I am a tech noob, just relatively new to the space. And my math skills never exceeded the basics ;)
I will take the liberty in the future to relay to you when I have stumbled upon something significant that needs further analysis, and that I would like your input on if you don't mind.
I love Steemit because the competencies that are coming together here will be much more powerful than the sum of all the parts.
Have a great weekend jga.
Yes of course!! thank you